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STATA

Estimate the unrestricted Rotterdam model and test whether the homogeneity,adding up

INSTRUCTIONS TO CANDIDATES
ANSWER ALL QUESTIONS

1. Please use the USMeat data (attached below) to estimate the Rotterdam model.

i.Estimate the unrestricted Rotterdam model and test whether the homogeneity,adding up, and symmetry restrictions are satisfied.

ii.Estimate the restricted Rotterdam model and report the following:

-A table of estimated coefficients. -A table of elasticities. Compare the Rotterdam results with results from the AIDS model and the log-logmodel and comment on your findings. PROVIDE THE CODES YOU USED FOR ESTIMATION

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